Nippon Felt Co (TSE:3512) Scaled Net Operating Assets: 0.75 (As of Mar. 2026)

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TSE:3512 Nippon Felt Co Ltd TSE:3512
48 GF Score
Price 円1,029.00
GF Value 円457.62
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Nippon Felt Co Scaled Net Operating Assets?

Nippon Felt Co TSE:3512 -0.19% 48 Scaled Net Operating Assets is 0.75 as of Mar. 2026. GuruFocus rates TSE:3512 with a GF Score™ of 48/100 and a GF Value™ of 円457.62 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nippon Felt Co's operating assets for the quarter that ended in Mar. 2026 was 円24,845 Mil. Nippon Felt Co's operating liabilities for the quarter that ended in Mar. 2026 was 円4,350 Mil. Nippon Felt Co's Total Assets for the quarter that ended in Dec. 2025 was 円27,328 Mil. Therefore, Nippon Felt Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.75.


Nippon Felt Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Nippon Felt Co's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nippon Felt Co Scaled Net Operating Assets Chart

Nippon Felt Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 0.62 0.71 0.70 0.81

Nippon Felt Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.70 0.76 0.76 0.75 0.77

TSE:3512 vs MMM, HON: Scaled Net Operating Assets Comparison

For the Conglomerates subindustry, Nippon Felt Co's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nippon Felt Co Scaled Net Operating Assets vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nippon Felt Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Nippon Felt Co's Scaled Net Operating Assets falls into.


TSE:3512
48GF Score
Nippon Felt Co Ltd TSE:3512
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Felt Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Nippon Felt Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(24844.58-4349.65)/25264.973
=0.81

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28052.98 - 3208.4
=24844.58

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5149.65 - 0 - 800
=4349.65

Nippon Felt Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(24844.58-4349.65)/27328.097
=0.75

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=28052.98 - 3208.4
=24844.58

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=5149.65 - 0 - 800
=4349.65

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.75 mean?
Nippon Felt Co (TSE:3512) has a Scaled Net Operating Assets of 0.75 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nippon Felt Co and its competitors.
Is Nippon Felt Co's Scaled Net Operating Assets too high?
Nippon Felt Co's current Scaled Net Operating Assets is 0.75. Overall, Nippon Felt Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Felt Co's Scaled Net Operating Assets compare to MMM and HON?
Nippon Felt Co's Scaled Net Operating Assets of 0.75 can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Conglomerates company?
A good Scaled Net Operating Assets depends on the Conglomerates industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Nippon Felt Co and its competitors. Nippon Felt Co's current Scaled Net Operating Assets is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Felt Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Felt Co (TSE:3512) is currently considered Significantly Overvalued. The stock's GF Value™ is 円457.62, compared to a current price of 円1,029.00 — trading 124.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.75. Nippon Felt Co's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Nippon Felt Co (TSE:3512), the current Scaled Net Operating Assets is 0.75 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nippon Felt Co (TSE:3512) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Felt Co stock appears to be overvalued. The current stock price of 円1,029.00 is trading 124.9% above its estimated GF Value™ of 円457.62. GuruFocus considers Nippon Felt Co to be Significantly Overvalued.

Key valuation signals for TSE:3512:

  • Scaled Net Operating Assets: 0.75
  • GF Value™: 円457.62 vs. price of 円1,029.00 (124.9% above fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the TSE:3512 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Felt Co Business Description

Address 1-7-1 Akabane Nishi, Kita-ku, Tokyo, JPN, 115-0055
Nippon Felt Co Ltd is a Japan-based company engages in producing, finishing, and selling felts for making paper, pulp, slate, and other industrial applications. It also involved in producing and selling various types of textile products and other industrial chemicals.
48GF Score

Get the complete analysis for TSE:3512

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,029.00
Price
円457.62
GF Value